Canada Federal Election 2008: Housing Promises

Submitted by Jasmina on Fri, 2008-09-19 01:11.
2008-10-14 12:00

Photograph by ReutersIt’s election time and Canadian politicians are gearing up for 40th Canadian Federal Election on October 14, 2008. Here are some Housing related promises made by Conservatives, Liberals and NDP to attract voters:

Conservatives offer first-time home buyers a break

Stephen Harper was occasionally drowned out by protesters attacking his party's economic record as he pulled another "modest" election goodie out of his campaign bag today, a tax credit of up to $5,000 on closing costs for first-time home buyers. It will apply to fees such as land transfer taxes, inspection fees, appraisal fees, and legal fees, which can add up to between 1.5 and 4 per cent of the final purchase price. The tax credit will reduce first-time homebuyers' tax payable — and, Harper suggested, ease their final sticker shock.

Liberals promise money to retrofit homes

The Liberals are promising to spend $575 million to help Canadians retrofit their homes to save energy and cut costs. The aim is to eventually reduce total home energy use by between 20 per cent and 40 per cent, Liberal leader Stéphane Dion said this morning. The government would provide up to $10,000 in tax credits for each home to help pay for new windows, weather-proofing and other "green" upgrades. Further help would be available in the form of interest-free loans of up to 10,000 dollars per household.

NDP promises $1-billion senior home-care program

Jack Layton is advocating a $1-billion home-care program for seniors, a day after he promised universal childcare. Mr. Layton says a NDP government would provide funding to allow 100,000 more seniors to be cared for in their homes instead of institutions. The program would cost $250-million in the first year and grow to $1-billion by Year 4. Because health care is delivered by the provinces, each province would negotiate deals with Ottawa and operate a different service.

Election promise definition on Wikipedia

An election promise is a promise made to the public by a politician who is trying to win an election. Elections promises are part of an election platform, but platforms also contain vague ideals and generalities as well as specific promises. They are an essential element in getting people to vote for a candidate. They have long been a central element of elections and remain so today. Election promises are also notable for often being broken once a politician is in office.